Korea-based Chokwang Jotun has won an important contract of supplying paint to Quad 204, petrol giant BP's newest North Sea project.

The new FPSO (floating production, storage and offloading unit) will replace the existing Schiehallion FPSO, producing from the Schiehallion and Loyal fields located in deep water west of the Shetland Islands in the North Sea. FPSOs are floating vessels used by the offshore industry for the processing of hydrocarbons and for storage of oil.

We are extremely proud to be able to contribute to this important construction. Winning such a prestigious project is a collaborative effort of Jotun worldwide. It would not have been possible without the cooperation, devotion and support of our global teams, and especially the key account (ISM) team, J.H. Park, Jotun Korea's General Manager for Protective Coatings, says.

To be built by Hyundai Heavy Industries Co. (HHI) of Korea, the Quad 204 FPSO will be delivered in early 2015. HHI will conduct all of the project work covering engineering, procurement and construction with an option for transportation and commissioning assistance.

High safety standards to ensure oil production

In order to meet the strict safety and environmental regulations for FPSOs operating in the North Sea, high-end design and high-quality construction are required.

The new FPSO will deliver incremental reserves with an increased operating efficiency, extending the field life to 2035+. The existing subsea infrastructure will be re-used and upgraded. Up to twenty-five new infill wells will be drilled.

The new unit will be able to produce 130.000 barrels of oil and 2.2 million cubic meters of gas per day, with a storage capacity of 1.1 million barrels of oil. The vessel will be 270 meters long and 52 meters wide.

Along with BP, Royal Dutch Shell, Amerada Hess and Statoil are the largest stakeholders of the operation.

About Jotun

The Jotun Group is one of the world's leading manufacturers of paints, coatings and powder coatings.
The group has 70 companies and 38 production facilities on all continents. Including the total network of legal companies, agents, branch offices and distributors Jotun is represented in more than 80 countries. Jotun's operations cover development, production, marketing and sales of various paint systems and products to protect and decorate surfaces in the residential, shipping and industrial markets. In 2010 the Jotun Group had a total sales income of NOK 13 452 million, and has today 7 800 employees.
Headoffice is located in Sandefjord, Norway.